AUDCAD Bearish sentimentsAnother leg down is expected before this weekend. Keep eye on it for an impulsive move down before Friday closure.
AUDCAD trade ideas
AUDCADAs you can see AUDCAD is still on uptrend. And I'm waiting for retest on fib 0.618 level. I hope you can see what I see too. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.
AUDCAD BUYSeeing the market complete a downtrend and exhausted to change direction into an upward trend
AUDCAD Technical Analysis and Trade IdeaThe AUDCAD has been in a strong bullish trend as evident on the daily time frame. We are looking for a trend continuation opportunity if price action plays out as described in the video. Throughout the video we discuss the trend, price action, market structure and other important aspects of technical analysis, and we look at a potential trade idea.
Remember, trading involves risks, so always manage your risk carefully. And keep in mind that this information is for educational purposes only—it’s not financial advice. 📈👍
AUDCAD | Short H4 | Market Exec | Similar to NZDCADTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe
- Price action is at a Supply Zone and has another Consolidation Zone nearby it
- Price action is at the top of a channel resistance
- Targeting the 50% Fibo retracement
Fundamental Confluences for Trade:
- Same setup as the NZDCAD trade I just posted as well
- AUD has a RBA event risk if this trade is taken
Suggested Trade:
Entry @ Area of Interest 0.9030 - 0.9060
SL @ 0.9093
TP 1 @ 0.8983 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8921
Risk-to-Reward @ Approx. 2.14 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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AUDCADCAD has been bearish the whole weak, that is why AUD is so bullish against it. We plan to ride this bullish wave up to the high as the higher high was broken indicating the bulls takeover. If the 15m time frame shows bullish patterns we taking them.
AUDCAD - 4hrs ( Buy Trade After Retest Tp Range 180 PIP ) Pair Name : AUD/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long After Retest )
Type : Mid Term Swing
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Bullish Reversal
0.90100 Area
Reasons
- Major Turn level / Month
- Major Triangle Pattern
- Choch / Bullish
- inner Counter
- Fibo Golden Zone
- Month High
- Day High + week Break
Bearish Reversal
0.91800
Reasons
- Major Turn level
- Pattern Target / Mid
- Fibo Golden
- Quarter's Area
- Counter Trend
- Fixed / Choch Area
AUDCAD in bullish trend AUDCAD in bullish making new HH and HL, most likely will stay bullish and make a new HH
AUDCADAUDCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
AUDCAD - Wait For The Bulls 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 AUDCAD has been overall bullish, trading within the rising wedge in red.
At present, AUDCAD is approaching the upper bound of the wedge pattern acting as an over-bought zone.
Moreover, it is retesting a strong resistance zone.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
📚 As per my trading style:
As #AUDCAD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDCAD LONGAUD is still showing more bullish signs against other pairs. We just broke a pattern and retested it as well as respecting our fair value gap. Check the 15m timeframe for bullish patterns.
AUDCAD LONGH4 PRICE BIAS is bullish. As price is heading higher.
H1 TF, price will pull back into the horizontal level that was tested multiple times.
Set a long trade at the horizontal level with SL below the h1 swing low. Targeting Daily swing high.
Basic break and retest strategy
AUDCAD LONGH4 PRICE BIAS is bullish. As price is heading higher.
H1 TF, price will pull back into the horizontal level that was tested multiple times.
Set a long trade at the horizontal level with SL below the h1 swing low. Targeting Daily swing high.
Basic break and retest strategy
AUDCADAUDCAD is in reversal mode.
Bearish divergence also shown in RSi.
Rising wedge reversal pattern also form.
Market sentiment is also in short.
These strong indication say that trend will definetly be reversal here.
we further more confirmation if trend will breakout the last HL.
AUDCAD - longExpecting this 4hr fvg to hold and take the high. Waiting for additional confirmation on the lower time frame to confirm
Moving upAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
I will continually update all trades.
AUDCAD:🔴Bearish scenario...!🔴
Hello Traders
As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart.
Now the price is inside a range, creating the double purge scenario for us.
If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation.
💡Wait for the update!
🗓️10/05/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
AUDCAD: The long-term channel remains bullish, although we're distant from the lower band. However, the mid-term bullish trend has been broken, and a short-term bearish channel is evident.
We're currently near a pivot and a reversal point, making this a potential first entry point around 0.9038. Another significant zone to watch is around the cluster of daily resistances, reversal point, and the bearish channel, approximately at 0.9055.
AUDCAD - Breakdown incomingPrice has been stuck in range for the past week and is likely to break lower soon.
Aussie is bearish across multiple pairs, and I think taking any pair should do well.
I would like to see a break of the range and some consolidation before impulsive move lower.
If price snaps back into range, then close it, as a retest of the high is possible.
Good luck!
AUDCADBased on the bullish flag pattern and Elliott Wave analysis on the AUD/CAD pair's 4-hour timeframe, there seems to be a potential opportunity for a buying position. The bullish flag suggests a continuation of the previous uptrend, while the Elliott Wave count indicates the formation of the 12345 impulse wave sequence. This convergence of patterns could signal a strong upward movement in price, presenting a favorable entry point for buyers. However, it's crucial to implement proper risk management strategies and confirm signals with additional indicators before entering the trade.
What a trade I had a small loss today but this was my A plus set up trade. We had a reaction on the FVG at 10am.
This is a ICT concept trade.
AUDCAD(Elliott waves)Hello friends
In the AUDCAD currency pair, we see the formation of a 3-wave pattern. In counting Elliott waves, these 3 waves are considered either a zigzag pattern or 3 out of 5 impulse waves. Therefore, there is a need for price correction in both cases.
Microwaves of wave 3 or C are clearly formed, except for its 5th wave.
Therefore, we are currently waiting for the formation of the fifth wave, when the price should rise.
1.618 Fibonacci ratios between waves 1 and 3 or A and C are very common, and the price should reach the range of 0.9200.
This number is both a trend and overlaps with a resistance and Fibonacci ratio.
Therefore, we expect to reach this range.
To support me, I recommend you install Trading View software on your phone and see my analysis and support me with your comments and Boost.
Be successful and profitable.
Anything is possibleAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
I will continually update all trades.
